Reddit Sets Aside IPO Shares for Users as It Braces for Potential Stock Volatility
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Reddit is setting aside 8% of its IPO shares for its most active users, a unique move to foster user loyalty.
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Some Redditors have expressed interest in shorting the stock, potentially replicating past "meme stock" trends.
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Reddit aims to raise up to $748 million through its IPO, trading under the symbol RDDT.
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Reddit's users have historically wielded power, instigating changes within the company and potentially swaying the stock's performance.
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As Reddit goes public, it navigates a challenging path marked by its relationship with users, potential for volatility, and views on its business model.